IMMO-WEP: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO-WEP
Largest movements
- Tangible fixed assets +€470,550
up €470,550 (+21282.2%), from €2,211 to €472,761
of which Land and buildings: +€470,886
- Receivables within one year -€28,001
down €28,001 (-81.4%), from €34,398 to €6,397
of which Trade receivables: -€28,000
- Debts after one year +€417,523
up €417,523 (+250.4%), from €166,763 to €584,286
of which Financial debts: +€409,348
- Current portion of long-term debt +€27,916
up €27,916 (+84.0%), from €33,237 to €61,153
- Gross operating margin -€76,001
down €76,001 (-82.1%), from €92,566 to €16,565
- Financial charges +€13,926
up €13,926 (+3815.3%), from €365 to €14,291
- Depreciation +€4,300
up €4,300 (+248.8%), from €1,728 to €6,028
- Other operating charges +€3,309
up €3,309 (+60.3%), from €5,488 to €8,797
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,193,449 | €1,639,029 | +€445,580 | +37.3% |
| Fixed assets | 21/28 | €1,108,171 | €1,578,721 | +€470,550 | +42.5% |
| Tangible fixed assets | 22/27 | €2,211 | €472,761 | +€470,550 | +21282.2% |
| Land and buildings | 22 | - | €470,886 | +€470,886 | |
| Plant, machinery and equipment | 23 | €2,211 | €1,875 | -€336 | -15.2% |
| Financial fixed assets | 28 | €1,105,960 | €1,105,960 | = | 0.0% |
| Current assets | 29/58 | €85,278 | €60,308 | -€24,970 | -29.3% |
| Stocks and contracts in progress | 3 | €45,870 | €45,870 | = | 0.0% |
| Stocks | 30/36 | €45,870 | €45,870 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,398 | €6,397 | -€28,001 | -81.4% |
| Trade receivables | 40 | €29,534 | €1,534 | -€28,000 | -94.8% |
| Other amounts receivable | 41 | €4,864 | €4,863 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €5,010 | €8,041 | +€3,031 | +60.5% |
| Total equity and liabilities | 10/49 | €1,193,449 | €1,639,029 | +€445,580 | +37.3% |
| Equity | 10/15 | €376,360 | €361,867 | -€14,493 | -3.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,360 | €141,867 | -€14,493 | -9.3% |
| Amounts payable | 17/49 | €817,089 | €1,277,162 | +€460,073 | +56.3% |
| Amounts payable after more than one year | 17 | €166,763 | €584,286 | +€417,523 | +250.4% |
| Financial debts | 170/4 | €166,763 | €576,111 | +€409,348 | +245.5% |
| Other amounts payable | 178/9 | - | €8,175 | +€8,175 | |
| Amounts payable within one year | 42/48 | €650,326 | €692,876 | +€42,550 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €33,237 | €61,153 | +€27,916 | +84.0% |
| Trade debts | 44 | €3,027 | €8,453 | +€5,426 | +179.3% |
| Suppliers | 440/4 | €3,027 | €8,453 | +€5,426 | +179.3% |
| Other amounts payable | 47/48 | €614,062 | €623,270 | +€9,208 | +1.5% |
| Non-recurring operating income | 76A | €17,132 | - | -€17,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,728 | €6,028 | +€4,300 | +248.8% |
| Other operating charges | 640/8 | €5,488 | €8,797 | +€3,309 | +60.3% |
| Gross operating margin | 9900 | €92,566 | €16,565 | -€76,001 | -82.1% |
| Operating profit (loss) | 9901 | €85,350 | €1,740 | -€83,610 | -98.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €365 | €14,291 | +€13,926 | +3815.3% |
| Recurring financial charges | 65 | €365 | €14,291 | +€13,926 | +3815.3% |
| Profit (loss) for the period before taxes | 9903 | €84,986 | -€12,551 | -€97,537 | |
| Income taxes | 67/77 | €1,194 | €1,942 | +€748 | +62.6% |
| Profit (loss) for the period | 9904 | €83,792 | -€14,493 | -€98,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,792 | -€14,493 | -€98,285 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.